CIB participates in a meeting of United Nations Economic and Social Commission for Western Asia (ESCWA) in Beirut

CIB, Egypt's largest private sector bank, took part in the platform organized by ESCWA in Beirut, as part of its efforts to lead sustainable finance at the regional level.

Dalia Abdel kader, Head of Sustainable Finance at CIB, was invited to share her insights on the role of finance in biodiversity conservation and presented CIB's experiences during an interactive session titled "The Importance of Financing Projects for Biodiversity Conservation."

During her presentation, Abdel kader discussed the global financial structure and the existing regulatory gap caused by modern systems of "education" and "accounting."

She stated, "Despite positive steps in policies and legislation during the past decade, there is still a gap between global actual performance and sustainable development goals and climate change objectives."

Abdel kader highlighted that CIB has made significant progress in addressing this gap by successfully transforming environmental and social impact risks into tangible outcomes that influence growth and profitability. This was achieved through the successful issuance of Egypt's first $100 mn green bonds in collaboration with International Finance Corporation (IFC).

Furthermore, during the session, Abdel kader presented the "Brain Trust" program, which focuses on showcasing the economic viability of adaptation projects, with special emphasis on biodiversity.

In a bid to raise awareness about the importance of financing biodiversity projects among financial institutions, CIB nominated representatives from relevant departments within the bank - Tarek Ziad and Lamiaa Yousri, assistant deputies to the Corporate Relations sector - who participated in the working groups on "Nature-Inclusive Solutions, Renewable Energy, and Biodiversity" during the conference.